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Paul Craig Roberts on the Dollar Demise and the Future of the Negative Interest Rate

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Headlined to H2 12/5/13

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In the Keynesian model, if consumers save more than investors invest, unemployment rises. Larry Summers' prescription for negative real interest rates is to penalize consumers for saving. This argument is a justification for increasing Quantitative Easing; that is, printing more money with which to purchase more bonds.
  
I was interviewed by RT's Erin Ade on December 3 about this subject.  Watch it below...


 

http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available here. His latest book,  How America Was Lost, has just been released and can be ordered here.

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My idea for negative interest rates is the reversa... by Guglielmo Tell on Friday, Dec 6, 2013 at 12:27:35 PM
American's wouldn't put up with having no cash and... by Ernie Messerschmidt on Friday, Dec 6, 2013 at 8:13:17 PM
How about mattresses?... by Guglielmo Tell on Friday, Dec 6, 2013 at 10:21:38 PM
I'm sorry. I can't watch any more of these bimbos ... by Colin Smith on Saturday, Dec 7, 2013 at 7:37:31 AM